Shares of Sipchem end at all-time high

06/03/2022 Argaam Special
Logo of Sipchem

Logo of Sipchem


Sahara International Petrochemical Co. (Sipchem) closed today, March 6, 6% up at SAR 52.70, its highest level since debut on the Saudi Exchange (Tadawul) after nearly 7 million shares changed hands.

 

 

Sipchem was established in 1999 and listed on Tadawul in 2006.

 

In May 2019, the company merged with Sahara Petrochemical Co. in a share swap offer, following which Sahara Petrochemical was delisted from Tadawul.

 

Sipchem mainly invests in petrochemicals, chemicals as well as core and intermediate hydrocarbons for the production of chemicals that are used in the manufacturing of several products.

 

Sipchem Share Performance

Annual high (SAR)

52.70

Today, March 6, 2022

Annual low (SAR)

19.12

March 8, 2021

Historical high (SAR)

52.70

Today, March 6, 2022

Historical low (SAR)

9.75

Jan. 21, 2016

Highest trading volume (mln shares)

51.6

Nov. 11, 2006

 

Key Financial Indicators

EPS (last 12 months) (SAR)

4.90

P/E (last 12 months) (x)

10.76

Book value (SAR)

19.89

P/B ratio (x)

2.65

 

The company increased its capital, which currently stands at SAR 7.3 billion, four times, as shown in the following table:

 

Amendments to Capital (SAR mln)

Date

Increase Method

Old Capital

New Capital

Change

2019

Acquisition

3666.7

7333.3

+100%

2011

Bonus Shares

3333.3

3666.7

+10%

2008

Rights Issue

2000

3333.3

+67%

2007

Bonus Shares

1500

2000

+33%

 

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